OKX Launches Staking of Notcoin (NOT) on Jumpstart Platform

Leading cryptocurrency platform OKX has announced the introduction of Notcoin (NOT) staking on their Jumpstart platform. The initiative is set to commence at 6:00 am UTC on May 13, 2024. TON coin holders will have the opportunity to stake TON to mine NOT tokens in return.

Details of the Staking Event

According to the information provided by OKX, the total amount of mineable tokens in the NOT staking pool is 1,283,990,271. The mining period is set to run from 6:00 am UTC on May 13, 2024, to 6:00 am UTC on May 16, 2024. Notably, there is no minimum staking per person, but the maximum staking per person for TON is capped at 4,000. Trading for mined tokens will open on May 16, 2024, until further notice.

Participation Conditions

Not all users will be eligible to participate in the campaign. The following countries and regions have been declared ineligible: Mainland China, Hong Kong, and Korea. Moreover, users will need to complete identity verification to participate.

About Notcoin (NOT)

Notcoin is a community token in the TON network. It gained wide distribution through a viral game on Telegram, which already had 35 million players. The current phase focuses on building an ecosystem around NOT, including a game platform and web3 projects exploration tools. The total supply of Notcoin is 102,719,221,714.

Distribution of NOT

Jumpstart will be responsible for 1.25% of the token distribution, with further airdrop and development accounting for 20.75%. The majority of the distribution, 78%, comes from airdrops.

Conclusion

The introduction of NOT staking on OKX's Jumpstart platform is a significant development for TON holders and the wider cryptocurrency community. However, participants must remember that this activity does not constitute investment advice, and they should consider the risks and consult with their legal, tax, or investment professionals before deciding to trade or hold digital assets.